Question #1

An entrepreneur can obtain funding from all of the following except:

a) Grants

b) Fundraising events

c) Government Banks

d) Buying of shares

e) Borrowing from families and friends

Question #2

Collaterals are:

a) Money used to start a business

b) Valuable personal possessions that can be used to secure a loan

c) Document used to open an account at the credit union

d) Self start funds used to assist entrepreneurs

e) None of the above

Question #3

Which of the following is NOT a primary or secondary source of collecting information when conducting a feasibility study?

a) Prospective customers

b) Suppliers

c) Banker

d) Competitors

e) None of the above

Question #4

The condensation of a business plan is contained in the

a) feasibility study

b) marketing plan

c) key note summary

d) executive summary

e) none of the above

Question #5

An entrepreneur may reduce his risk of loss by:

a) purchasing additional fixed assets

b) cleaning offices regularly

c) securing bank loans

d) None of the above

e) planning ahead

Question #6

All of the following are features of a production plan except:

a) Profit and loss Projection

b) Selection of appropriate labour

c) Role of the Entrepreneur

d) Jusitification of location

e) Desciption of the business

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